BTC crossed $34K. $40K this week?

[jademaxsuy]

Bitcoin market is really hard to predict. I did not even expect that it could go around like 34K$ and I think it is still counting possibly could go more than 40K$ as a new record for bitcoin market. It seems that bitcoin is not really a simple form of investment for it can yield high return depending on your trust and strategy to bitcoin investment.

[Debonaire217]

It just didn't reach an All-Time High for its market price but also the cryptocurrency market cap already touches $1 Trillion. As what I have read from the article created by Bitcoin.com here, After the Bitcoin's price jumped over the price of $37k, the overall market cap of all cryptocurrency also reached $1 Trillion which is way better news than the Bitcoin's ETH why? That is because it states that there are way more hodlers of cryptocurrency now, not just whales and it implies huge market adoption that will make sure that as time passes by, we can expect a healthy market from cryptocurrency.

[AniviaBtc]

Why not? If we slice $20k, $25k, $30k at the same week then it's possible that $36k-$40k within this week. And as long as investors whether retail, institutions and companies are willing to purchase at this price then $40k is within reach.

For sure, no one is hoping for the bitcoin to lower its price besides those people who are regretting to but bitcoin before. We are lucky that we hold bitcoin and own a reasonable amount so that we can make this bull run profitable for us depending on our predictions. Businesses, companies, and institutions who invested on bitcoin will see the reason why bitcoin exist. They will surely appreciate and understand how effective and profitable bitcoin is in the market by reaching $40k mark new ATH this year. Everything is possible in bitcoin but we need to consider other factors when we are making our expectations and predictions.

[verita1]

That's right guys! Bitcoin is unstoppable. We are winning investors, the crypto market looks green. Those who can invest their money in Bitcoin are doing so as well as those who prefer altcoins. Bitcoin at one point rose to 70% of the market dominance now it has dropped to 67.7%. Despite all its price continues to rise, there is an article that I read that said that with a Bitcoin you can buy a Tesla model 3, it is not bad.

[lifeforcepools]

Most likely $40k is already very close. But then most likely the price will start to fall.

[jaresmerel001]

I am quite surprised by the performance shown by bitcoin at the beginning of 2021, I did not expect bitcoin price to rise in recent days. It was really fast. It's surprising that if I agree that bitcoin will hit a price of $40,000 next week, the current bitcoin price has touched $37,000.

While bitcoin is currently showing a bullish trend, it doesn't mean that buying bitcoin at its current price is safe, we have to be careful with bitcoin's volatile price. If it is possible to suddenly increase the price of bitcoin, it is not impossible for it to suddenly fall.

[Dave1]

Most likely $40k is already very close. But then most likely the price will start to fall.

It might fall but it had quickly bounce back within a day or two, I remember watching it go down by -7%, as low as $29k. But then again, institutions and companies hedging their wealth are very quick to buy it back at that price. So this trend can happen, if weak hands push the sell button, it will quickly be bought back by this companies who have deep pockets and then hold for many years.

[Reatim]

Most likely $40k is already very close. But then most likely the price will start to fall.

It might fall but it had quickly bounce back within a day or two, I remember watching it go down by -7%, as low as $29k. But then again, institutions and companies hedging their wealth are very quick to buy it back at that price. So this trend can happen, if weak hands push the sell button, it will quickly be bought back by this companies who have deep pockets and then hold for many years.

actually that was 28,000 level mate couple days ago , but that seems to be the correction because just after a day Bounced back to 34 and even break 37,000.

almost taken 38,000 today so at any point this can Break that 40,000$ and no sweat for sure.

Most likely $40k is already very close. But then most likely the price will start to fall.

For what reason do you think that after 40,000 the price will start to fall ? because according to many analysis that this is 50,000 in which we are looking this month or the next.

[oliviarobert]

With the current institutional investor rallying in the market, the pace of growth is exponentially faster than the last time that it reaches this kind of peak, I think the volatility is a little tamed. I have to disagree with 40K not being a big deal, this is a new record if it ever happens and I think it's a big deal for any price higher than recorded ATH.

[fauzan123]

Every number bitcoin was predicted to reach, bticoin has stylishly surpassed and overtake and setting new numbers for itself, I would not be surprised to see bitcoin at $40k even $50k.... The demand for it is not reducing whilst the supply by most exchanges are on a diminishing scale.

With a reduced provider, the price will automatically increase even higher, of course this makes bitcoin go through a positive trend that is not expected until it almost reaches $ 40k at the beginning of 2021.

Of course this is a very big achievement, because it is not impossible that prices will continue to increase over time.

[plvbob0070]

Bitcoin already reached the $37k mark and there's probably a chance of it reaching $40k this week, or if not within the week, I still believe it will soon reach $40k since there's already a small difference to reach it.

We just keep reaching new goals and it just shows how Bitcoin can prove itself. We will also probably get to see it reaching more than $40k. Not to be optimistic, but bitcoin could reach $45-50k sooner as others believe.

[NeuroticFish]

Bitcoin already reached the $37k mark

38k is also checked.
I fear that the price already grows too fast.
I like to see this kind of price, but this means that it may go to 100k any day now or could do a big correction at any time, literally.
I'd fear to do TA now 

[bryant.coleman]

$39,000 reached now. We are just 1K away from 40K. I expect the prices to touch $40K by either today or tomorrow. There seems to be hardly any resistance in the markets and the bears have vanished altogether. Compare this to the scenario we had in December, when it took almost four months to breach the resistance at 20K. BTW, when I started typing this post, Bitcoin had just breached $39,000. Right now the exchange rate is $39,300.

[LUCKMCFLY]

It may be $ 40k or more, as everything goes in the market I think it can reach the magic figure of $ 50k at any time, although in the world little fundamentals have been manifested, such as the protest in Washington, I think this it will not affect the market negatively.

[Raflesia]

$40k-$50k will pass easily if conditions like this continue wow it is very surprising the market continues to move without looking at anything, 1 bitcoin is now increasingly valuable and is the highest priced asset, it is not impossible that one btc can buy a car now sport.

In this case I have never been a burden where bitcoin is already high but I am afraid to buy after it is high, at the core we hope this can still be an advantage for us, just look at the increasingly crazy price, it indicates that we still have a chance to have bitcoin from investing or buying now.

[sapnu]

$39,000 reached now. We are just 1K away from 40K. I expect the prices to touch $40K by either today or tomorrow. There seems to be hardly any resistance in the markets and the bears have vanished altogether. Compare this to the scenario we had in December, when it took almost four months to breach the resistance at 20K. BTW, when I started typing this post, Bitcoin had just breached $39,000. Right now the exchange rate is $39,300.

That is not impossible from happening since the price already reached $39k. We are all hoping that it will continue to rise and continue to reach new ATH this year. The market cap also reached its highest peak as of now, as time passes by, the knowledge about bitcoin is spreading all around the world as new investors are now curious about it, and they want to learn how to earn with bitcoin. This is just awesome and we cannot predict that it will happen today.

[Poker Player]

LOL.

I've just realized that this thread was created yesterday and bitcon is about to break $40k. Currently $39,800-ish.

Edit (at 06:10:16 PM): it's just crossed $40k now.

[bL4nkcode]

Same as what my personal text (below my avatar) written by me yesterday, btc will reach and set another new ATH. (Updated my personal text to the next ATH of this year : ))

I just checked on binance and btc/busd reach 40k already  

Treat yourself with wine and steak on your table fellas.

[Mahdirakib]

LOL.
I've just realized that this thread was created yesterday and bitcon is about to break $40k. Currently $39,800-ish.

But have you expected yesterday that bitcion will reach almost 40k usd today! Now bitcoin price making all the records quicker than our expectation. Bitcoin have just touched 40k usd few minutes ago. So it took only a day since OP asked about it.

[thecodebear]

Well I was gonna say it is literally a couple hundred dollars away from $40k right now, but now I see we just got a couple thousand dollar dip!


EDIT: Oh wait nevermind, now that Coinbase actually loaded I see it did already break $40k right before it dipped. So congrats ATH is now over $40k!